Case law
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Division and case type: CivilCivil Appeal
…The plaintiff by its amended plaint filed on April 9, 1986 stated that in September, 1980 the board of directors sought and obtained a loan of Kshs 10,000,000 from Habib Bank Zurich for building and development of the said…
…It is alleged that the first defendant proceeded to grant the said loan without the authority or consent of the board of directors.…